Question : It refers to a system in which foreign exchange rate is determined by market forces in central bank influence the exchange rate.
Option 1: Fixed exchange rate system
Option 2: Flexible exchange rate system
Option 3: Managed floating rate system
Option 4: None of the above.
Answer (1)
14th Jan, 2024
Correct Answer:
Managed floating rate system
Solution :
Managed floating rate system refers to a system in which foreign exchange rate is determined by market forces and central bank influences the exchange rate.
Hence Option C is correct.
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